I know about crypto and everything in general but I am having difficulty to understand one thing about it. Why crypto or bitcoin is better than money ?
I mean I know the block chain technology is revolutionary and it has many benefits, it is being used by all crypto. Money is used to buy goods and services and there are very less businesses accepting crypto and still the prices are rocket High.
This Crypto trend looks more like share market company evaluation rather a legitimate currency. Moreover all government have there own currency, goverment cannot let that sink and can ban these. Can someone explain to me the value of Crypto as a currency when compared to real money ?
After the introduction of Bitcoin, the preferences of the investors are gradually shifting towards the cryptocurrency.
there is some reasons why bitcoin is better than traditional money.
1. It Is A Decentralized Currency :- its users have the complete freedom to transfer the money.
2. Better Investment Option - Investors are getting smarter while they invest their money in bitcoins.
3. Bitcoin Is Not Restricted to Borders- The value of bitcoin remains constant regardless of the country. As a result, Bitcoin's value is the same all around the world.
4. Bitcoin Is Theft Resistance- The bitcoin wallet is where the bitcoin's private keys are kept, and only the owner has access to it. It is, without a doubt, the safest currency one can have in terms of security. As a result, bitcoin has a greater acceptability rate than other currencies around the world.
In comparison to other currencies, the bitcoin exchange and its applications are extremely simple. Bitcoin does not have many of the flaws that traditional currencies possess. Many investors are now looking to invest in bitcoins because of the currency's flexibility and potential for rapid growth in the near future. With bitcoin's increasing popularity, it may soon become the global currency.With bitcoin's increasing popularity, it may soon become the world's global currency in the next years.